Vietnam safe energy storage project
This project, developed by Vietnam Electricity (EVN) in collaboration with the Asian Development Bank (ADB), Rocky Mountain Institute (RMI), Global Energy Alliance for People and Planet (GEAPP), and the Vietnam Energy Institute, marks a crucial step towards Vietnam’s target of developing 300MW of energy storage by 2030, as outlined in the latest Eighth Power Development Plan (PDP 8). [pdf]
Africa Industrial Energy Storage Cooperation Program
The initiative, jointly launched by the UNECA in partnership with the Global Energy Interconnection Development and Cooperation Organization (GEIDCO), and the Association of Power Utilities of Africa (APUA), envisages providing training on EVs and energy storage technologies for Africa's sustainable development, the UNECA disclosed in a statement issued late Wednesday. [pdf]
Companies investing in energy storage power
Significant players active in energy storage projects include: (1) Tesla, a leader in battery technology, invests significantly in storage solutions, (2) Siemens, focusing on large-scale grid storage systems, (3) NextEra Energy, which allocates resources to renewable energy storage, and (4) LG Chem, enhancing lithium-ion battery production aimed at various applications. [pdf]
Philippines Cebu Energy Storage Power Purchase
Meralco PowerGen Corporation (MGEN), through its subsidiary Toledo Energy Development Corporation, has sealed an Engineering, Procurement, and Construction (EPC) agreement with Contemporary Amperex Technology Co., Limited (CATL) and SUMEC Complete Equipment and Engineering Co., Ltd. (SUMEC) for a 49-megawatt Battery Energy Storage System (BESS) in Toledo, Cebu. [pdf]
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